The newly launched merchant collection solution allows businesses automated settlement of e-CNY into their CNY bank deposit accounts.
Singapore bank DBS allows e-CNY settlements
According to a Wednesday announcement, clients of the Singaporean bank DBS can now receive payments in e-CNY, the digital currency issued by the Chinese central bank.
Singapore Central Bank Sees Record Net Loss On Inflation Fight
Singapore's central bank said Wednesday it suffered a record annual net loss of US$23 billion in the most recent financial year as it tightened monetary policy to battle soaring inflation, and it ...
Singapore stocks close lower as weak economic data weighs on sentiment; STI down 0.6%
The lack of leads from Wall Street overnight coupled with weak economic data from Singapore and China sent investors into a defensive mood on Wednesday. The wary sentiment left the Straits Times Index ...
Singapore’s fight against inflation still on amid uncertain growth outlook -central bank
Singapore’s fight against inflation still on amid uncertain growth outlook -central bank By Xinghui Kok SINGAPORE (Reuters) – Singapore’s central bank warned on Wednesday of weak near-term growth for ...
Over 1 million queue numbers issued for Taylor Swift tickets within 10 minutes of UOB pre-sale
Some customers who managed to get to the payment page after selecting their tickets were unable to log in. Read more at straitstimes.com.
Taylor Swift’s UOB ticket presale: What more can be done to retain consumers?
With the surge in applications, it also begs the question of if new applicants will remain customers after the ticket sales are over and how UOB will measure the ROI from its association with Taylor ...
Singapore adjusts tax incentives for family offices, which must also do more to boost local hires
Singapore’s central bank will step up incentives and requirements to encourage single family offices to contribute more to environmental and social causes as well as jobs here. Read more at ...
Billionaire Wee Cho Yaw’s UOL To Sell Singapore Property For $389 Million To Tycoon Choo Chong Ngen
Pan Pacific Hotels Group is selling one of its hotels in Singapore to Midtown Properties, a company owned by tycoon Choo Chong Ngen, founder of the Hotel 81 budget hotel chain, for S$525 million ($389 million).
Singapore tells crypto operators: act like grown up financial institutions
Digital payment skeptics of the world, unite! You have nothing to lose but grifters and crims Singapore has joined the ranks of nations requiring digital payment operators to follow the same sort of ...
Live news: Singapore’s economic outlook has ‘dimmed’, says central bank chief
“Inflation appears to have peaked globally though there is uncertainty over how quickly inflation will return to targets,” said Ravi Menon, managing director of the Monetary Authority of Singapore, in ...
Singapore’s Central Bank Posts Record Annual Net Loss
Singapore’s central bank posted a record annual loss due to the currency-translation effects of a stronger Singapore dollar and high interest expenses from mopping up excess liquidity in the banking ...
MAS broadens tax incentives to encourage single family offices to invest in Singapore
THE Monetary Authority of Singapore (MAS) is expanding its scope of tax incentives for single family offices (SFOs) in Singapore to encourage them to deploy capital in the country more purposefully ...
International law firms double down on Singapore expansion
Driven by the continued flow of institutional money and private wealth into Singapore, firms are betting big on the Lion City ...
‘Love Letters’ From Death Row: Singapore’s Pre-execution Photo Shoots
Death row inmate Nazeri Lajim beams at the camera, fingers raised in a "V" sign, wearing a shirt emblazoned with large motifs and showing no signs of his impending hanging.
Singapore’s MAS Pumps $6 Billion into Climate Transition
The Monetary Authority of Singapore has set aside about 2% of its equities portfolio or just over S$8 billion ($6 billion) to a climate transition program.